Arizona Solar Energy Initiative (3) (2012)

The Arizona Solar Renewable Energy Credit Initiative, also known as the Go Solar Arizona SREC Trading Exchange Initiative and the Go Solar in Arizona Economic Development Act, did not make the 2012 ballot in the state of Arizona as an initiated state statute. The measure would have established the Solar Renewable Energy Credit (SREC) trading exchange. The trading exchange would have allowed the state to sell or export SRECs "in a nationwide marketplace at a fair price to recoup their investment in clean solar electricity." The proposal was introduced by the Arizona Solar Power Society when the group filed their paperwork with the Arizona Secretary of State's office on July 5, 2011.[1]

Specifically, the measure would have provided a streamlined solar incentive program with solar tax incentives for the entire state. The program would have provided a solar tax incentive of up to $2.25 per watt.[2]